Defined Benefit (Pension) · DOL Form 5500 · 2022

Operating Engineers Local 428 Pension Trust Pension Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets
16
Participants Small participant base
78th
Percentile by assets National rank
$1.3M
Avg per participant High balance/head
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Official DOL plan name: Operating Engineers Local 428 Pension Trust · Sponsored by Operating Engineers Local 428 Pension Trust · Arizona · Construction

$22M in assets, 16 participants

Operating Engineers Local 428 Pension Trust's Operating Engineers Local 428 Pension Trust reported $22M in total assets and 16 participants in its 2022 DOL Form 5500 filing, ranking in the 78th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,708 in Construction (9,927 peers)

Where Operating Engineers Local 428 Pension Trust sits by assets

Operating Engineers Local 428 Pension Trust sits in the top quartile of all filed plans by assets, $22M for 16 participants (~$1.3M/participant), down 28.1% in 2022.

#7,708
in Construction (9,927 peers)
-28.1%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Operating Engineers Local 428 Pension Trust's outsized position by total assets

Operating Engineers Local 428 Pension Trust vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$21,520,855 Top 22% higher than 78% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Operating Engineers Local 428 Pension Trust among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Operating Engineers Local 428 Pension Trust is a small filing (16 participants) on this national headcount ladder.

Plan-year Form 5500 strip

Filing strip 866025732 · Operating Engineers Local 428 Pension Trust PY 2022 · Defined Benefit (Pension)

Operating Engineers Local 428 Pension Trust · $22M · 16 · 78th

  • IND $22M
  • IND 16
  • IND 78th
  • IND Defined Benefit (Pension)
  • IND near Ironworkers-Laborers Pension Plan of Cumberland Md
  • IND ind #7708

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Arizona →

Operating Engineers Local 428 Pension Trust in the asset neighbourhood

Babson Bros. Co. Pension Plan$22MOperating Engineers Local 428 Pension TrustOperating Engineers Local 42…$22MIronworkers-Laborers Pension Plan of Cumberland MdIronworkers-Laborers Pension…$22MMonadnock Paper Mills, Inc. Retirement PlanMonadnock Paper Mills, Inc. …$22MRetirement Plan for Employees of Block Distributing Company, LtdRetirement Plan for Employee…$21M
End-of-year total assets ($M) among Operating Engineers Local 428 Pension Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$21M
Net Income-$8M
Employer EIN866025732
Plan Effective Date1963-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Operating Engineers Local 428 Pension Trust)

Sponsor-wide plan assets over time

All Operating Engineers Local 428 Pension Trust plans reported in each filing year

Latest sponsor-wide plan assets
$330M 18.814453066478595% vs 2022
2024 filing year
$260M$280M$300M$320M$340M 202220232024 $278M $330M ▲ +18.8%
Year Plans Participants Total Assets
2022 2 7,554 $278M
2023 2 7,682 $311M
2024 2 7,789 $330M

Nearby Defined Benefit (Pension) Plans in Arizona

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Operating Engineers Local 428 Pension Trust vs. nearby Defined Benefit (Pension) plans in Arizona, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -101234 Total assets ($B) Participants Operating Engineers Local 428 Pension Trust, Total assets ($B): 0.021520855 · Participants: 16Operating Engineers Local 428 Pension TrustPinnacle West Capital Corporation Retirement Plan, Total assets ($B): 3.218517042 · Participants: 5840Pinnacle West Capital Corporation Retirement PlanSalt River Project Employees' Retirement Plan, Total assets ($B): 2.527412379 · Participants: 4802Salt River Project Employees' Retirement PlanFreeport Minerals Corporation Retirement Plan, Total assets ($B): 1.392187623 · Participants: 2788Freeport Minerals Corporation Retirement PlanDesert States Employers & Ufcw Unions Pension Plan, Total assets ($B): 0.96033994 · Participants: 25673Desert States Employers & Ufcw Unions Pension PlanAvnet Pension Plan, Total assets ($B): 0.591298167 · Participants: 2609Avnet Pension Plan
Operating Engineers Local 428 Pension Trust vs. nearby Defined Benefit (Pension) plans in Arizona, assets vs. participants
Compare Operating Engineers Local 428 Pension Trust side-by-side with 3 peers →

Operating Engineers Local 428 Pension Trust's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Arizona, the nearest Defined Benefit (Pension) by assets is Ironworkers-Laborers Pension Plan of Cumberland Md in MD ($22M); by covered participants it is Middleburgh Telephone Company Pension Plan in NY (16 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (16 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Operating Engineers Local 428 Pension Trust assets move in 2022? ▼
Operating Engineers Local 428 Pension Trust declined sharply - down 28.1% during 2022, from $30M to $22M. Reported net income was -$8M.
How have Operating Engineers Local 428 Pension Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Operating Engineers Local 428 Pension Trust's sponsor-wide assets grew 18.8%, from $278M to $330M.
Where does Operating Engineers Local 428 Pension Trust rank by assets among Form 5500 filers? ▼
Operating Engineers Local 428 Pension Trust ranks in the 78th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Operating Engineers Local 428 Pension Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Ironworkers-Laborers Pension Plan of Cumberland Md in MD ($22M, 170 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Operating Engineers Local 428 Pension Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Middleburgh Telephone Company Pension Plan in NY (16 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 866025732.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.